Investment Banking

Private jets, Wimbledon and banker insults: The downfall of Credit Suisse’s António Horta-Osório

Some board members received complaints about how Horta-Osório — known for his demanding style — spoke to staff and that he sometimes didn’t wear a mask despite Covid rules

After relocating to Zurich last spring to run Credit Suisse Group as chairman, António Horta-Osório flew to London and Lisbon for work meetings and business events, then spent time with his family at homes there.

On multiple occasions, a private plane paid for by Credit Suisse dropped him off on a Thursday and returned empty to Switzerland, according to people familiar with the travel. By Monday, a plane picked Horta-Osório up for work in Zurich.

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